Jump to content
  • Sign Up
×
×
  • Create New...

Bank of Korea cuts benchmark lending rate by 25 basis points in a surprise move

Pelican Press

By Pelican Press,
in World News

 Share

Recommended Posts

  • Diamond Member
Pelican Press Warlord

Pelican Press 0

Posted
  • Diamond Member
Posted

This is the hidden content, please

Bank of Korea cuts benchmark lending rate by 25 basis points in a surprise move

A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021.

SeongJoon Cho | Bloomberg | Getty Images

South Korea’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move.

Economists polled by Reuters had estimated the bank to hold rates at 3.25%.

This is the second straight cut as the Bank of Korea lowered rates by 25 basis points in its last meeting in October as well.

Stock Chart IconStock chart icon

The Kospi stock index was up 0.18%, while the South Korean fell 0.37% to trade at 1,393.82 against the U.S. dollar.

This is breaking news, please check back for updates.



This is the hidden content, please

#Bank #Korea #cuts #benchmark #lending #rate #basis #points #surprise #move

This is the hidden content, please

This is the hidden content, please

0

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • Vote for the server

    To vote for this server you must login.

    Jim Carrey Flirting GIF

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.

  I accept